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Cummins (CMI) Stock Forecast & Price Target

Cummins (CMI) Analyst Ratings

Based on 36 analyst ratings
Buy
Strong Buy 33%
Buy 19%
Hold 42%
Sell 0%
Strong Sell 6%

Bulls say

Cummins has demonstrated strong financial performance, with engine sales increasing by 5% to $3.151 billion and distribution sales rising by 9% to $2.829 billion, both surpassing analyst expectations. The company's overall sales reached $8.796 billion for the quarter, marking a 2% year-over-year growth and exceeding street estimates of $8.330 billion. Looking ahead, Cummins anticipates significant revenue growth in both Power Systems and Distribution for FY 2024, projecting revenues of approximately $6.0 billion and $11 billion at the midpoint, respectively, underscoring its competitive position despite industry challenges.

Bears say

Cummins's outlook remains negative due to a 3% year-over-year decline in demand for medium-duty and heavy-duty trucks in China, highlighting weak domestic diesel engine sales despite natural gas engine orders and strong exports. Additionally, the company's alternative power segment, Accelera, is expected to peak in investment during 2024, which is currently hindering overall profitability, coupled with a projected consolidated revenue growth decrease of 3% to flat for FY 2024. Furthermore, a 13% year-over-year drop in components sales and a slight contraction in adjusted EBITDA margin to 15.3% further indicate operational challenges, increasing the risk of missed earnings amid changing market dynamics.

Cummins (CMI) has been analyzed by 36 analysts, with a consensus rating of Buy. 33% of analysts recommend a Strong Buy, 19% recommend Buy, 42% suggest Holding, 0% advise Selling, and 6% predict a Strong Sell.

This aggregate rating is based on analysts' research of Cummins and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Cummins (CMI) Forecast

Analysts have given Cummins (CMI) a Buy based on their latest research and market trends.

According to 36 analysts, Cummins (CMI) has a Buy consensus rating as of Jul 1, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $239.17, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $239.17, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Cummins (CMI)


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